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Reducing Risk All individuals and firms want to reduce risk /Risk-averse, risk-neutral, and risk-preferring people all reduce risk of unfair bets. /Individuals can avoid optional

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Reducing Risk All individuals and firms want to reduce risk /Risk-averse, risk-neutral, and risk-preferring people all reduce risk of unfair bets. /Individuals can avoid optional risky activities, but often they can't escape risk altogether. C There are strategies we can employ to reduce (or mitigate) risk

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